7781 stories by Devin O'Connor
Pennsylvania Casinos Win Record $3.2B, State Government Wants More in 2019
The 12 Pennsylvania casinos in operation last year collectively won more than $3.248 billion, the state's all-time best mark since commercial gambling was legalized in 2006. Pennsylvania casinos delivered Governor Tom Wolf and state government coffers over a $1.3 billion in taxes...
Online Gaming Stocks Nosedive on Justice Department Wire Act Reversal Opinion
Online gaming companies focused on interactive casinos and sports betting saw shares dive into the red on news that the US Department of Justice (DOJ) was again modifying its opinion on the Wire Act. William Hill, Paddy Power Betfair, and 888 Holdings,...
Las Vegas NFL Odds on Potential Super Bowl Matchups Favor Saints, Pick’em for Everyone Else
The Las Vegas NFL odds on the four potential Super Bowl 53 matchups have the New Orleans Saints favored in two games, and then it's even point spreads in the other two possible scenarios. The Westgate SuperBook unveiled odds on the four...
Revised Wire Act DOJ Opinion Raises More Questions Than Answers for Online Gambling, Interstate Lotteries
The Wire Act has once again received a new interpretation after the US Department of Justice (DOJ) issued an updated opinion on how the federal statute signed into law in 1961 by President John F. Kennedy applies to online gambling. In an...
Tribe Buying Sands Bethlehem in Pennsylvania Planning $190M Expansion
The tribe buying Sands Bethlehem in Pennsylvania for $1.3 billion says it will spend an additional $190 million to expand the Lehigh Valley casino resort. The Poarch Band of Creek Indians, based in Alabama, reached a deal with Las Vegas Sands for...
Cathy Judd-Stein to Oversee Massachusetts Gaming Commission, Lead Encore Boston Harbor Determination
The Massachusetts Gaming Commission (MGC) is no longer chairperson-less after Governor Charlie Baker (R) announced the appointment of attorney Cathy Judd-Stein to oversee the state agency. The MGC, a five-member panel, has been without a leader since Stephen Crosby's resignation in September...
Macau Casinos Issuing Substantial Bonuses to Employees Following Prosperous 2018
Several Macau casinos are rewarding their employees with large winter bonuses following a prosperous 2018 where gross gambling revenue (GGR) throughout the enclave totaled $37.5 billion. Wynn Macau, the Chinese subsidiary of the Nevada-based casino operator, became the third company this week...
Shuttered Lucky Dragon Las Vegas Has Interested Buyers
The $165 million Lucky Dragon in Las Vegas, the casino resort that opened in November 2016 only to close less than two years later in in October 2018, reportedly has several interested buyers. CDC Gaming Reports caught up with CBRE executive Michael...
Atlantic City Casinos Record Highest Win Since 2013, Statewide Gaming Revenue Totals $2.9B
Atlantic City casinos capped off December in style with gross gambling revenue (GGR) jumping nearly 20 percent. For the year, the nine casinos won more than $2.85 billion from their land-based, online, and sports betting operations. That's their best performance in five...
Casino Stocks Performing Far Worse Than Indexes, But Analysts Remain Bullish on Gaming Industry
Casino stocks have suffered losses much greater than that of many Wall Street general indexes over the past 12 months, but financial analysts remain bullish on numerous gaming companies. The Vaneck Vectors Gaming ETF (exchange-traded fund) is down 26 percent since this...
